Wyoming Becomes First US State to Launch a Stablecoin

Wyoming announced the launch of the dollar-pegged stablecoin Frontier Stable Token on seven blockchains.

The state of Wyoming (USA) announced the launch of the dollar-pegged stablecoin Frontier Stable Token, ticker FRNT, on seven blockchains.

The “stablecoin” is available on Ethereum, Arbitrum, Avalanche, Base, Optimism, Polygon, and Solana networks.  

FRNT is backed by short-term US Treasury bills and the national currency. Legislation mandates a reserve volume of 102% for the coin.

“Wyoming has become the first public state entity in the US to issue a blockchain-based stablecoin. FRNT is designed to provide secure, transparent, and efficient digital transactions for individuals, companies, and organizations worldwide,” the announcement stated. 

According to the press release, the token will be made publicly accessible in the coming days through the state-registered exchange Kraken and the Visa-integrated Rain platform on the Avalanche blockchain.

Wyoming, known for its proactive stance on blockchain legislation, established the Stable Token Commission in 2023 to develop and issue the coin.

In developing FRNT, the agency collaborated with several companies: 

• LayerZero — token issuance;
• Fireblocks — blockchain infrastructure; 
• Franklin Advisers — reserve management;
• Inca Digital — open-source development; 
• The Network Firm — auditing and monthly attestations.

Governor Mark Gordon noted that since 2016, the jurisdiction has enacted over 45 legislative acts related to digital assets.

FRNT and Visa

According to Rain representatives, Wyoming’s stablecoin will be usable wherever Visa is accepted.

Wyoming just launched FRNT—the first US state-issued, dollar-pegged stablecoin—and made it spendable from day one via a Rain-issued card.

The promise is huge:
✅ Instant tax refunds that are instantly spendable
✅ Streamlined social benefits that are easy to spend
✅ Automated… pic.twitter.com/DY7lqBxFjS

— Rain (@raincards) August 19, 2025

Supported payment channels include major mobile payment services and digital wallets like Apple Pay and Google Pay, as well as physical cards.

Rain highlighted the following use cases: 

• instant tax refunds;
• streamlined social benefits that are easy to spend;
• automated supplier payments.

On July 18, 2025, US President Donald Trump signed the federal GENIUS Act, initiating comprehensive regulation of “stablecoins.”